1.

A point outside the PPF indicates:A. Fuller utilisation of resourcesB. Unutilisation of resourcesC. Unattainable combinationD. None of these.

Answer» Correct Answer - C
C. If an economy is operating at a point inside the production possibilities curve, its resources are not being used efficiently. A point outside the production possibilities curve represents a combination of goods that is: unattainable.


Discussion

No Comment Found

Related InterviewSolutions